Bookbuilding IPO | ₹105 Cr | Listed at BSE, NSE | Thu, Sep 29, 2011 - Wed, Oct 5, 2011
Flexituff International IPO is a book build issue of ₹104.63 crores. The issue is a combination of fresh issue of 0.45 crore shares aggregating to ₹69.75 crores and offer for sale of 0.23 crore shares aggregating to ₹34.88 crores.
Flexituff International IPO bidding started from Sep 29, 2011 and ended on Oct 5, 2011. The shares got listed on BSE, NSE on Oct 19, 2011.
Flexituff International IPO price band is set at ₹155 per share. The lot size for an application is 40. The minimum amount of investment required by an retail is ₹6,200 (40 shares) (based on upper price). The lot size investment for sNII is 33 lots (1,320 shares), amounting to ₹2,04,600, and for bNII, it is 162 lots (6,480 shares), amounting to ₹10,04,400.
Collins Stewart Inga Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Flexituff International IPO RHP for detailed Information.
IPO Open
Thu, Sep 29, 2011
IPO Close
Wed, Oct 5, 2011
Issue Price
₹155 per share
Market Cap (Pre-IPO)
₹336.54 Cr
| IPO Date | 29 Sep to 5 Oct, 2011 |
| Listed on | Wed, Oct 19, 2011 |
| Face Value | ₹10 per share |
| Price Band | ₹145 to ₹155 |
| Issue Price | ₹155 per share |
| Lot Size | 40 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 67,50,000 shares (agg. up to ₹105 Cr) |
| Fresh Issue | 45,00,000 shares (agg. up to ₹70 Cr) |
| Offer for Sale | 22,50,000 shares of ₹10 (agg. up to ₹35 Cr) |
| Share Holding Pre Issue | 1,72,12,110 shares |
| Share Holding Post Issue | 2,17,12,110 shares |
| BSE Script Code / NSE Symbol | 533638 / FLEXITUFF |
| ISIN | INE060J01017 |
Flexituff International IPO comprises a total issue size of 67,50,000 shares. Out of which, 33,75,000 (50.00%) are allocated to QIB, 10,12,500 (15.00%) allocated to NII 23,62,500 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 33,75,000 | 50.00% | NA |
| NII (HNI) Shares Offered | 10,12,500 | 15.00% | NA |
| Retail Shares Offered | 23,62,500 | 35.00% | 59,062 |
| Total Shares Offered | 67,50,000 | 100.00% |
Investors can bid for a minimum of 40 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 40 | ₹6,200 |
| Retail (Max) | 32 | 1,280 | ₹1,98,400 |
| S-HNI (Min) | 33 | 1,320 | ₹2,04,600 |
| S-HNI (Max) | 161 | 6,440 | ₹9,98,200 |
| B-HNI (Min) | 162 | 6,480 | ₹10,04,400 |
Incorporated in 1966 as Saurabh Potteries & Ceramics, Flexituff International Ltd is today in the business of manufacturing Flexible Intermediate Bulk Containers (FIBC), Geo-Textile Fabric and Ground Cover, Reverse Printed Biaxially Oriented Polypropylene (BOPP) Woven Bags, Special Polypropylene (PP) Bags including Leno Bags.
Company has three integrated and self-sufficient manufacturing units located in Pithampur (M.P.) and Kashipur (Uttrakhand). Flexituff also has a recycling and reprocessing plant at Kandla which is used for recovering polypropylene and making various compounds of plastic.
Flexituff International have a Research and Development centre at Kashipur which is engaged in the research and development of various compounds for plastic products including engineering plastic, bio-degradable plastic and other new product developments.
Company received 4 Top Exporter Awards from Ministry of Commerce for exporting FIBC and woven products from India in recent years. Check out Presentation for Investors by Flexituff International.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Expansion of manufacturing facilities at SEZ and DTA units at Pithampur | 18.93 |
| 2 | Setting up of Dripper Project at Kashipur | 8.10 |
| 3 | Working capital requirements | 25.00 |
| 4 | General corporate purposes | 11.24 |
| KPI | |
|---|---|
| RoNW | 20.7% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 32.75% | 25.97% |
| Market Cap | ₹336.54 Cr. |
The Flexituff IPO is subscribed 1.17 times on October 5, 2011 5:00:00 PM (Day 5). The public issue subscribed 1.6 times in the retail category, 0.51 times in the QIB category, and 2.35 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 0.51 | 33,75,000 | |
| NII | 2.35 | 10,12,500 | |
| Retail | 1.6 | 23,62,500 | |
| Total | 1.17 | 67,50,000 |
CARE has assigned an IPO Grade 3 to Flexituff International IPO. This means as per CARE, company has ' Average Fundamentals'. CARE assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Read Flexituff International IPO Report
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue management (lead management fees, underwriting, selling commission including commission paid to members of the Syndicate for procuring ASBA bids and submitting the same with SCSBs and processing fees paid to SCSB for processing Syndicate ASBA bids.**, SCSB commission etc. ) | 3.66 |
| 2 | Registrars fees | 0.06 |
| 3 | Printing of stationery | 0.69 |
| 4 | Advertising and marketing expenses | 1.34 |
| 5 | Other expenses (including legal advisors fee, regulatory fees including fees paid to SEBI and Stock Exchanges, IPO grading expenses etc.) | 0.73 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹155.00 | ₹155.00 |
| Open | ₹155.00 | ₹156.90 |
| Low | ₹142.00 | ₹142.00 |
| High | ₹185.40 | ₹187.70 |
| Last Trade | ₹166.40 | ₹165.55 |
Lead Manager Reports
Flexituff International IPO is a main-board IPO of 67,50,000 equity shares of the face value of ₹10 aggregating up to ₹105 Crores. The issue is priced at ₹155 per share. The minimum order quantity is 40.
The IPO opens on Thu, Sep 29, 2011, and closes on Wed, Oct 5, 2011.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Flexituff International IPO using UPI as a payment gateway. Zerodha customers can apply in Flexituff International IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Flexituff International IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Flexituff International IPO opens on Thu, Sep 29, 2011 and closes on Wed, Oct 5, 2011.
Flexituff International IPO lot size is 40, and the minimum amount required for application is ₹6,200.
You can apply in Flexituff International IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Flexituff International IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Flexituff International IPO allotment status.
The Flexituff International IPO listing date is on Wed, Oct 19, 2011.
